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A loan for dental and medical students

See how Health Professions Student Loans and Loans for Disadvantaged Students can help you pay for your dental or medical education.

What is a Health Professions Student Loan?

If you’re pursuing a D.D.S. from the IU School of Dentistry or an M.D. from the IU School of Medicine, you may be eligible for a Health Professions Student Loan (HPSL) or a Loan for Disadvantaged Students (LDS).

Both loans have a fixed interest rate of 5 percent. Interest does not accrue during deferment and grace periods.

How do I know if I’m eligible for an HPSL or LDS?

To qualify, you need to:

How much can I borrow?

If you’ve been approved, the Office of Financial Aid and Scholarships at will determine loan amounts, and the University Collections and Loan Services will handle the promissory note, entrance and exit counseling, and repayment process for HPSL and LDS.

When do I have to start repaying my HPSL or LDS loan?

You’ll begin repaying your loan after your 12-month grace period. The grace period begins when you graduate or drop below full time.

You’ll be required to go through exit counseling when you’re scheduled to graduate from IU Indianapolis or drop below full time. An exit interview is your opportunity to review the amount of your loans and rights and responsibilities in repaying these loans.

How do I apply for an HPSL or LDS loan?

Each year you'll need to file your FAFSA and submit an application to determine your eligibility. We will require information regarding your parent's tax return for the appropriate year and will reach out for those documents.

Complete your FAFSA Submit your application

When will I know if I’m selected?

After your application is processed, you can accept your loan on One.IU. Then, the Student Loan Administration will contact you at your university email address and on your To-Do List to notify you to sign your promissory note. Complete the process as soon as you can to avoid a delay in your funding.

Sign your promissory note

IU Indianapolis

Office of Financial Aid & Scholarships

Campus Center, Room 250
420 University Blvd
Indianapolis, IN 46202
USA

+1-317-274-4162

iuindy.finaid@iu.edu